| (REF: 2432) Long Established Leasehold Jewellers in South Devon |
| |
| Seller Reference: |
2432 |
| B4S Reference: |
32238 |
| Asking Price: |
£195,000
|
| Net Profit: |
Undisclosed |
| Sales Revenue: |
£177,277 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
31 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
Paignton, Devon, United Kingdom |
| |
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business (see below).
- Turnover in excess of £170,000 pa (see financial summary below).
- A business with great potential which has not been fully exploited because the owners have not used a website or e-commerce.
- An easily run operation.
- A good first time buyers business.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition due to the exclusive rights in the area to sell a number of high profile
International brands.
- Business enjoys superb local reputation
- The concern provides Jewellery, watches, collectables, repairs and ear piercing.
Services
This very good business opportunity provides Jewellery, watches, collectables, repairs and ear piercing.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner markets the business in various tourist publications and publishes adverts in the local newspaper but doesnt currently have a website.
Competition
As far as competition is concerned there are 6 other similar businesses in this popular tourist destination but this business has exclusive rights to sell more than 12 high profile international brands (please contact Phoenix Business Agents for more details).
Market
The client base consists of local residents with a high volume of tourist trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
Increasing the marketing activity with direct mailings and local and internet advertising.
Increasing the opening hours to include Sunday trading during peak periods.
Working more hands on hours and saving on wages.
With the introduction of a website and e-commerce.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.
|
| |
Property: |
Leasehold |
| |
| |
Living Accommodation: |
No |
| |
| |
Location: |
- Situated in the Town Centre area of Paignton in South Devon.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent free parking facilities nearby.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the A3022, A380 and A385.
- Torquay, Newton Abbot, Exeter, Exmouth and Plymouth all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area. |
| |
As far as competition is concerned there are 6 other similar businesses in this popular tourist destination but this business has exclusive rights to sell more than 12 high profile international brands (please contact Phoenix Business Agents for more details).
|
| |
The concern has huge potential. In particular the turnover and profits can be increased by:
Increasing the marketing activity with direct mailings and local and internet advertising.
Increasing the opening hours to include Sunday trading during peak periods.
Working more hands on hours and saving on wages.
With the introduction of a website and e-commerce.
|
| |
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made |
| |
Is this a home-based business? |
No |
| |
Can this business be relocated? |
No |
| |
Is this business part of a franchise? |
No |
| |
Monday to Saturday: 9am 5.30pm
Sunday: Closed
|
|
|
